Service Tax Exemption on Digital Services related to Banking/Financial Services

Updated on 15 July 2023- Dialogue between MOF,LHDNM, and CTIM[21/6/2023] Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023; for more info, please visit – https://www.ccs-co.com/post/budget-2023-malaysia-madani This tax incentive included in Budget 2023, tabled in Parliament on 7 October 2022, was not included […]
Income Tax (Exchange of Information) Rules 2021

1. On 1 December 2021, the Minister, in the exercise of the powers conferred by paragraph 154(1)(c) of the Income Tax Act 1967 [Act 53], Income Tax (Exchange of Information) Rules 2021[P.U. (A) 436] 2. The Income Tax (Exchange of Information) Rules 2011 [P.U.(A) 219/2021] was revoked, and the 2021 Rules took effect on December […]